Commercial Real Estate in Los Angeles
We represent buyers and sellers of retail centers, mixed-use buildings, office, multifamily investment property, and development land across Los Angeles County.
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Under writing from operators, not marketers
Most offering memorandums are marketing documents. Pro forma rents that assume frictionless turnover in a rent-stabilized building. Expense ratios that ignore deferred maintenance. CAM recovery assumptions that the leases don't actually support. Cap rates calculated on numbers that won't survive the first year of ownership.
We read them as operators. When we underwrite a deal for you, we model what the asset actually produces after real turnover costs, real regulatory constraints, and real capital needs — because we manage assets like it every day, and the renovation budget is priced by the people who would perform the work.
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What we do
Acquisitions. Sourcing on and off market, underwriting, LOI and purchase agreement negotiation, due diligence coordination, and closing. We'll tell you when a deal doesn't work, which is most of the time.
Dispositions. Valuation, pre-sale positioning, marketing, and buyer qualification. Where value-add work would raise
the sale price more than it costs, we can perform it before listing.
Value-add and repositioning. Underwriting the path from current NOI to stabilized NOI, including renovation scope, RSO constraints, buyout modeling, and a realistic timeline.
Development sites. SB 9 lot splits, condo mapping, ADU feasibility, RTI land, and merchant-build analysis. We assess sites with a contractor's cost estimate attached, not a per-square-foot guess.
1031 exchanges. Identification strategy and replacement property sourcing under deadline.
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Lease analysis is where the value hides
On a multi-tenant asset, the leases are the asset. We read them during diligence for the things that determine what you're actually buying: recovery structure and whether the CAM methodology holds up, exclusivity and use restrictions that limit who you can lease to later, co-tenancy clauses that can trigger rent reductions if an anchor leaves, option rents below market, and personal guarantees that may or may not be worth anything.
A rent roll summarizes the leases. It does not substitute for reading them, and the difference routinely shows up as six
figures.
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Asset types
Neighborhood and strip retail · mixed-use · small and mid-size office · rent-stabilized and market-rate multifamily · development land · owner-user buildings